How does sucking CO2 out of the air help with climate change ? It looks good but I don't understand it. I'm sure I'm not the only one.
CO2 is a green house gas that causes global warming. Removing CO2 from the atmosphere would disrupt that process.
I would have added. How can this coin affect climate change? It seems to me that developers still care about climate change. The main thing is to come up with a name that is more beautiful, give some social significance and receive money. However, there are a lot of such projects on the forum.
As to how a coin can disrupt climate change, that is straight forward.
Step 1: people invest into the "fund" being created by this ICO.
Step 2: the "fund" makes acquisitions of companies who are creating climate disrupting tech.
Step 3: take the profits from the companies.
Step 4: distribute 75% to the fund and 25% to the token holders.
Step 5: profit for the investor and growth for the fund.
First of all . I am very aware of climate change and mechanisms involved.
At first glance i did not understand how Blochain could help and after reading about this project, still do no understand because its seems like hedge fund with focus on climate change companies. Thats it. To be honest it is a bit sad to use ClimateChange for business in this way.
i don't see the issues here, effectively greenEnergy token will have been more accurate with the purpose but the subject at the end is about climate change. Crypto is bussiness that you like it or not and creating an hedge fund that will help the energy transition is good.
The problem is that if you are taking someones money and promising them returns that means you are profit driven thus you need to invest in projects that will potentially generate profit which not always will be the same as good alternate energy projects and the problem with hedge funds are that they tend to be become scams and lose money thus peoples trust could be low ( I am not telling that you that this project is becoming one of those).
I agree, and to add, all team members are business experts and I did not see an environmentalist, business people worry about profits and investors worry about profits, I have nothing against OP but I do not think their idea will help the climate , everything I see is someone who wants profits using climate as an excuse to get investors
Please check our website and the advisors on it. We have Jose Lindo who is the President of 2050LifeInvestments, experts on impact investing, UN environmental professional (
https://medium.com/@Climatecoin/climatecoin-have-new-advisors-517077c19945). He will be part of our team.
Also we are in conversations with UN to close official agreement before the end of the year. We will be in Bonn (Germany) in the COP23 as one of the few companies using blockchain to fight climate change talking in front of all Presidents of any country in the world. We are creating the climatecoin carbon portal to exchange carbon credits that is totally descentralized and will be announced there.
We are a non profit foundation and we only want to help save the world. The money Climatecoin raises cannot be used for any other thing different than investing in disruptive environmental products that help fight climate change and to create the carbon credits portal; we need a previous due diligence before we can use the money to invest in any project and because of that so investors are totally secure.
Why we are investing in companies?. It is the only way to make possible mitigate this threat. We help the companies grow and place their products in many countries helping to mitigate all the sources of this problem. If the temperature of the earth rises 2ºC more we will face extinction
https://climate.nasa.gov/news/2458/why-a-half-degree-temperature-rise-is-a-big-deal/